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‘Friendly Countries’ Helping Tunisia Grapple with Economic Crisis

‘Friendly Countries’ Helping Tunisia Grapple with Economic Crisis

Tuesday, 3 August, 2021 - 09:45
Tunisian President Kais Saied. (AP)

President Kais Saied has hailed the assistance of several “friendly countries” to Tunisia as it grapples with its economic crisis.

He said contacts were underway with them to cut the country’s financial deficit and help it meet its local and foreign economic commitments.

Central Bank Governor Marwan Abbasi said the support of fraternal and brotherly countries will help Tunisia address its financial imbalances and meet internal and external commitments.

Saied had kicked off calls with Arab countries and Tunisia’s partners in the international community to give assurances about the democratic transition and to seek economic support.

“I will announce at the right time the sincere position of some countries at this historic moment,” he declared.

The International Monetary Fund (IMF) revealed that the coronavirus pandemic had a huge negative impact on Tunisia and led to an unprecedented economic collapse.

Last year, its GDP shrank by 8.2 percent, in the greatest economic collapse in Tunisia since its independence.

In the first quarter of 2021, its GDP dropped 3 percent from a year ago, the State Statistics Institute said on Saturday, showing the impact of the pandemic on the country.

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